Australian oil and gas company Beach Energy has completed work on the Kupe compression project in New Zealand, which will allow for the gas plant, which had seen declining production in recent years, to produce at full rate from the Kupe offshore gas field…
The Nord Stream 2 pipeline is completed and ready to pump Russian gas to Europe, but nothing is flowing yet because it is still awaiting clearance from Germany's energy regulator.Europe's most controversial energy project, which is led by Russian gas giant Gazprom…
Offshore wind developer Ørsted has said Friday it had signed a deal to establish Maryland’s first offshore wind steel fabrication center at Crystal Steel Fabricators in Federalsburg, Maryland. 'Ørsted’s investment in Crystal Steel will enable…
Russian oil companies Lukoil and Gazprom Neft have struck a deal to cooperate in the area of oil recovery enhancement projects. 'The agreement provides for joint work on improving chemical methods of enhanced oil recovery. It will lay the foundation…
Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products.Brent crude futures were up 80 cents, or 0…
Poland’s largest privately-owned energy producer ZE PAK, which is looking to shift from coal to renewables, and Denmark's Ørsted world's largest offshore wind developer have signed a letter of intent to jointly take part in the upcoming auction for seabed leases in the Polish part of the Baltic Sea…
Australian oil and gas firm Bounty Oil and Gas has agreed to farm into four oil-prone offshore licenses in Western Australia, owned by Coastal Oil and Gas.Bounty will acquire a 25% stake in licenses EP 475, EP 490, EP 491 and TP 27 (collectively…
Subsea 7 has confirmed the award of a major contract by Turkish Petroleum for the Sakarya field development offshore Turkey in the Black Sea. Subsea 7 defines a major contract as being one where Subsea 7’s share of revenue is over USD 750 million…
Danish wind turbine manufacturer Vestas will install a prototype of its giant 15 MW offshore wind turbine at the Østerild National test center for large wind turbines in Western Jutland, Denmark. Vestas will install the prototype at the test center in the second half of 2022…
French oil major TotalEnergies has exercised an option for Maersk Drilling's drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days,…
Energy industry services firm TechnipFMC has completed the acquisition of the remaining stake of Magma Global, a provider of composite pipe technology.TechnipFMC originally acquired an interest in Magma in 2018, combining its flexible pipe technology…
Azerbaijan has signed a new deal with Turkey to supply gas from its giant offshore Shah Deniz I field, Azerbaijan's energy minister Parviz Shahbazov told Reuters on Thursday.Azerbaijan halted gas supplies from Shah Deniz I to Turkey in April after the contract expired…
If we want to reach net zero by 2050, there is an increasingly high risk that some of the oil and gas infrastructure investments (i.e. in platforms, pipelines, processors, storage sites etc) made today will result in stranded assets.In other words…
Personal protective equipment provider Red Wing has said that giving female workers men's PPE puts women at risk, and has called for the North Sea offshore industry to close the gender PPE gap and improve the safety of women’s kit.According to Red Wing…
The hull of the Prosperity FPSO has recently arrived from China where it was built to Singapore where Keppel will mate it with topside modules, after which the vessel will set sail for Guyana, to become the South American country's third FPSO in production…
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